Electric Utilities

Company Overview of PacifiCorp

Company Overview

PacifiCorp, together with its subsidiaries, operates as a regulated electric utility company in the United States. The company owns or has interests in 74 thermal, hydroelectric, wind-powered, and geothermal generating facilities with net owned capacity of 10,595 MW; and transmits electricity through approximately 16,300 miles of transmission lines. It also buys and sells electricity on the wholesale market with other utilities, energy marketing companies, financial institutions, and other market participants. The company delivers electricity to customers in Utah, Wyoming, and Idaho under the trade name of Rocky Mountain Power; and to customers in Oregon, Washington, and California under the...

PacifiCorp, together with its subsidiaries, operates as a regulated electric utility company in the United States. The company owns or has interests in 74 thermal, hydroelectric, wind-powered, and geothermal generating facilities with net owned capacity of 10,595 MW; and transmits electricity through approximately 16,300 miles of transmission lines. It also buys and sells electricity on the wholesale market with other utilities, energy marketing companies, financial institutions, and other market participants. The company delivers electricity to customers in Utah, Wyoming, and Idaho under the trade name of Rocky Mountain Power; and to customers in Oregon, Washington, and California under the trade name of Pacific Power, as well as operates electric generation, commercial and trading, and coal mining functions under the trade name of PacifiCorp Energy. It serves 1.8 million retail customers, including residential, commercial, industrial, irrigation, and other customers. The company was founded in 1910 and is headquartered in Portland, Oregon. PacifiCorp is a subsidiary of PPW Holdings LLC.

PacifiCorp Key Developments

PacifiCorp signed a long-term coal supply agreement with Bowie Resource Partners LLC to supply coal for the Huntington power plant. Energy West Mining Company, The Deer Creek mine has an estimated five years or less of reserves, but much of the remaining coal has higher ash and sulfur content that has made mine production considerably more expensive and has made it more expensive to comply with air quality standards. Bowie Resource Partners LLC has signed a contract to provide the coal needed for the Huntington power plant, and will source the plant from its mines in Utah. Rapidly escalating pension liabilities for the mine's represented workforce was a large factor in the economic viability of the mine. The Deer Creek mine, located near the Huntington power plant, has been operating since 1974. PacifiCorp is targeting closure of the mine for early to mid-2015 pending regulatory approval.

PacifiCorp is shutting down the Deer Creek coal mine in Emery County because it's become too expensive to operate. The company has been trying to sell the mine for a year and a half. With no buyers, it announced ccc 10 days before Christmas that it's closing the operation in early to mid-2015, pending regulatory approval. Energy West Mining Co., the mine's subsidiary operator, has notified the site's 182 employees. Deer Creek, the last union mine in Utah, has an estimated five years of coal left, at most, but it's expensive to retrieve those reserves and comply with air-quality standards because of their higher ash and sulfur content. The employees' rapidly escalating pension liabilities was also a large factor in the economic viability of the mine.

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